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May 14, 2012

SAN FRANCISCO (AP) — Yahoo's dysfunctional turnaround efforts have morphed into a Silicon Valley soap opera, one that has taken another strange twist with the Internet company's ousting of CEO Scott Thompson just four months after his arrival.

May 14, 2012

NEW YORK (AP) — Signaling a change of fortunes, online deals company Groupon Inc. posted a smaller net loss and sharply higher revenue in the first quarter, helped by increased demand from a growing customer base.

May 14, 2012

SAN FRANCISCO (AP) — Yahoo ended Scott Thompson's four-month stint as its CEO without giving him a severance package, according to documents filed Monday.

May 14, 2012

WASHINGTON (AP) — The Senate is nearing a final vote on legislation to reauthorize the Export-Import Bank for three years and raise its lending cap from the current $100 billion to $140 billion.

May 14, 2012

WASHINGTON (AP) — A huge underwater power line to serve wind farms planned off the East Coast cleared a regulatory hurdle Monday, although construction is still years away.

May 14, 2012

LINCOLN, Neb. (AP) — The maker of the beef product dubbed "pink slime" by critics said Monday it was laying off 86 employees from its corporate office in South Dakota, citing what it calls a misinformation campaign about a product that food-industry experts agree is safe.

May 14, 2012

ATHENS, Greece (AP) — Marathon efforts to break Greece's post-electoral paralysis are lurching into a ninth day amid the country's worst crisis in decades, with fractious party leaders summoned to a yet another emergency meeting Tuesday that could see the reins of government surrendered to non-politicians.

May 14, 2012

NANTERRE, France (AP) — Lawyers for a French pharmaceutical group suspected in the deaths of at least 500 people argued Monday that a trial against their client should be halted as two separate cases should be rolled into one before the court can proceed.

May 14, 2012

NEW YORK (AP) — A political stalemate in Greece rattled financial markets worldwide on Monday, driving U.S. stocks lower.

May 14, 2012

NEW YORK (AP) — LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.

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